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    9208 Pitcher Rd Independence, MO 64052
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    Property profile & analytics

    9208 Pitcher Rd Independence, MO 64052

    View on Map
    • Commercial real estate
    • 0.72 lot acres
    Off-Market
    Property ID
    US48-0770213
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9208 Pitcher Rd

    Lot size
    0.72 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.72-acre residential land parcel presents a unique opportunity for home construction in Independence, Missouri. Located at 9208 Pitcher Road, zip code 64052, this property offers a tranquil setting within the Jackson County area. The land is classified as residential and provides ample space for a custom-built home, allowing for personalized design and landscaping. The asking price is $15,000, making it an attractive investment for those seeking to build in a desirable location. With its convenient location and generous lot size, this property is ideal for individuals or families looking to create their ideal living space. The address is easily accessible, offering convenient access to local amenities and transportation routes. Utilities are available, although specific connections and costs should be verified independently. Buyers are encouraged to conduct their own due diligence regarding zoning regulations and building permits before making a purchase decision. This is a rare opportunity to acquire a sizable residential lot in a sought-after area, offering the potential to build a beautiful and comfortable home. Don't miss out on this chance to build your dream home in Independence, Missouri. The property's latitude and longitude coordinates are 39.062591, -94.472215 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.472215
    Latitude
    39.062591

    Comparable in this City

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      Fully leased duplex with desirable tenant amenities and income potential.
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      Independence Triplex: Investor Opportunity

      Well-maintained, fully rented triplex in Independence, Missouri, near historic square.
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    • $182,000
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      Remodeled Duplex in Independence, MO

      Turnkey duplex with high income potential after recent comprehensive remodel.
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    • New
      $1,900,000
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      Multifamily Investment Opportunity

      Multifamily property with strong income potential in Independence, Missouri.
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      Turn-Key Duplex Investment Opportunity

      Duplex in high-demand rental district with guaranteed income stream.
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    Similar Nearby for Sale

    • $1,085,000
      0.18 Acres

      Independence Multifamily Investment Opportunity

      Multifamily property in Independence, part of a larger portfolio.
      1815 S Evanston Ave, Independence, MO 64052
      View Details
    • New
      $245,000
      Pending

      Leased Duplex in Independence, MO

      Fully leased duplex with desirable tenant amenities and income potential.
      11505 E 24Th St S, Independence, MO 64052
      View Details
    • New
      $254,900
      0.20 Acres

      Independence Triplex: Investor Opportunity

      Well-maintained, fully rented triplex in Independence, Missouri, near historic square.
      1000 W Linden Ave, Independence, MO 64052
      View Details
    • $182,000
      Pending

      Remodeled Duplex in Independence, MO

      Turnkey duplex with high income potential after recent comprehensive remodel.
      2104 S Norwood Ave, Independence, MO 64052
      View Details
    • New
      $1,900,000
      0.60 Acres

      Multifamily Investment Opportunity

      Multifamily property with strong income potential in Independence, Missouri.
      9930 E 36Th St S, Independence, MO 64052
      View Details
    • New
      $175,000
      0.19 Acres

      Turn-Key Duplex Investment Opportunity

      Duplex in high-demand rental district with guaranteed income stream.
      1313-1315 S Franklin Ave, Independence, MO 64052
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Space

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    • $14 SF/Yr
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      Independence Industrial Portfolio

      Seven Buildings, 95,681 SF Available
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      View Details
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    9208 Pitcher Rd
    Independence, MO 64052
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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